Thursday, 30 January 2014

#CURRENCYWAR #IMF #WORLDBANK TO BE GOLD #SDR SILVER #BASKET #SUPERCURRENCY

We were JUST telling Ewe:

Thursday, 30 January 2014



BREAKING NEWS FEDS MOVING ALL 401K TO TRUSTS by Freedomfighters2127

"China Daily
Replace dollar with super currency
By Michael Barris in New York,
Fu Jing in Brussels and
Chen Jia in Beijing

2014-01-29 09:04

The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

"The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. "The solution to this is to replace the national currency with a global currency."

Lin, now a professor at Peking University and a leading adviser to the Chinese government, said expanding the basket of major reserve currencies — the dollar, the euro, the Japanese yen and pound sterling — will not address the consequences of a financial crisis.

Internationalizing the Chinese currency is not the answer, either, he said.

Lin urged the international community, especially the US and European Union, to play a leading role in currency and infrastructure initiatives. To boost the global economy, he proposed the launch of a "global infrastructure initiative" to remove development bottlenecks in poor and developing countries, a measure he said would also offer opportunities for advanced economies.

"China can only play a supporting role in realizing the plans," Lin said. "The urgent thing is for the US and Europe to endorse these plans. And I think the G20 is an ideal platform to discuss the ideas," he said, referring to the group of finance ministers and central bank governors from 20 major economies.

The concept of a global "super currency" tied to a basket of currencies has been periodically discussed by world leaders as well as endorsed by 2001 Nobel Memorial Prize-winner Joseph Stiglitz. A super currency could also be tied to a single currency, but the interconnectedness of world financial markets and concerns about the volatility that can occur as a result of the system being tied to one currency have made this idea less popular...

Arguments in favor of a global currency resurfaced during October's US budget impasse, which forced the government to shut down.

"It is perhaps a good time for the befuddled world to start considering building a de-Americanized world," a Xinhua News Agency commentary said on Oct 14. The piece argued that creating a new international reserve currency to replace reliance on the greenback, would prevent government gridlock in Washington from affecting the rest of the world.

In March 2009, China's central bank governor, Zhou Xiaochuan, called for the creation of a new "super-sovereign reserve currency" to replace the dollar. In a paper published on the People's Bank of China's website, Zhou said an international reserve currency "disconnected from individual nations" and "able to remain stable in the long run" would benefit the global financial system more than current reliance on the dollar."  Continues.
TOP TUNE! CULTED - "Illuminati" (Official Track)  


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Mor!  Reminder for DUMBOS; silver rises often THREE TIMES as FAST as GOLD :)

The Silver Bullet - Should you buy Silver..?



Of course, SMART people HOLD GOLD, SILVER, PLATINUM and PALLADIUM OFFSHORE; where the GREEDY EUROPEAN THIEVES cannot REACH ;) 

Onto the ENVIRONMENT being TRASHED by these PSYCHO-SICKOS:

Gray whale dies bringing us a message — with stomach full of plastic trash
THE MIND UNLEASHED  on 9 January, 2014 at 00:15

"July 29, 2013, a sperm whale was stranded on Tershelling, a northern island in the Netherlands. There was a rescue attempt, but unfortunately the whale died. A young adult at 13.5 meters was taken for a necropsy at the port of Harlington. The sperm whale had plastic in its stomach, an increasing common phenomenon say researchers at the Biodiversity Centre Naturalis. In March of last year, a 10 meter long sperm whale washed up on Spain’s South Coast. This whale had swallowed 59 different plastic items totaling over 37 pounds. Most of this plastic consisted of transparent sheeting used to build greenhouses in Almeria and Grenada for the purpose of tomatoes for the European market. The rest was plastic bags, nine meters of rope, two stretches of hosepipe, two small flower pots, and a plastic spray canister. Cause of death was intestinal blockage.

These are not uncommon incidents.


The White Rabbit!  
#BankstersRabbit   
PS Send friends Hero Humans! That's how we grow!  Send:
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